Ways to save money on your Impromptu Travel Plan - Kotak Bank

22 MAY, 2020

Few experiences are as alluring as going on that impromptu travel trip. However, there is no denying that planning a last minute getaway or trip can cause a serious dent on your financial health. From over-priced flight tickets, filled bookings of preferred hotel stays to having to pay more than usual on rental cars, the problems are numerous. However, it does not have to be as daunting anymore if you use some handy tricks.

Read on to know the best ways that you can use to save money when on your impromptu travel plan:

Set fare alerts – Have you always loved how those impromptu plans have turned out and would not have it any other way? Well, setting fare alerts is good way to go. These alerts will notify you of any drops in flight prices. You can make bookings with the lowest prices available and travel in the most cost-effective way.

Use a credit cardCredit cards prove to be a great financial tool, especially when travelling. These cards carry numerous benefits that let you save immensely on your budget. From earning through cash backs to enjoying reward points, credit cards should be used wisely when traveling.

Opt for off-season travel – The travel bug can bite anytime, but the off-season can bring you better deals on travel. It is a good idea to take your last minute plans at destinations that are not in their peak tourist season. Moreover, this will let you explore the true essence and culture of the location without the excessive crowds. The off-season period will let you enjoy a thoroughly unique experience at a lower costs.

Use public transport – Using private transportation on your travel trips can eat into a major chunk of your travel budget. For this reason, you must make the best of public transportation that is not as expensive in comparison. Most cities and countries around the world have an excellent connectivity by road, rail and more.

While you save travel costs by using the above stated ways, there is no reason why lack of funds must stop yourself from taking that much needed break. Travel loans or holiday loans allow you the opportunity to take off without having to save up. This type of personal loan is offered through easy processing steps and is sanctioned at attractive interest rate.

Read more to know about the advantages of using a credit card while enjoying your vacation here.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.